In a brief statement, Jung's office said he has submitted his resignation to the government of India and that he would be returning back to academics, 'his first love'.
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
Finance Minister Arun Jaitley has said the larger interest of the public sector would be fully protected.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.
Over the years, pravasis have become a constituency, to be tapped, cultivated, and honoured, or at the very minimum to be listened to, says Ambassador B S Prakash.
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